TIDMSOU

RNS Number : 1752R

Sound Energy PLC

25 October 2023

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation ("MAR") (EU) No. 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

25 October 2023

Sound Energy plc

("Sound Energy" or the "Company")

Extensions to Attijariwafa Term sheet and ONEE Gas Sales Agreement

Sound Energy (AIM: SOU), the transition energy company, confirms the extension of both the ONEE (Office National de l'Electricité et de l'Eau Potable) Gas Sales Agreement ("GSA") and the Attijariwafa bank funding offer until 31st December 2023.

Further to announcement of 28(th) June regarding the conditioned financing offer by Attijariwafa bank, the Company confirms that it is in discussions with ONEE under the auspices of the Ministry of Energy to conclude the amendments to the GSA to the lender's satisfaction, in order to complete the necessary conditions precedent to the Conditional Offer.

Commenting, Graham Lyon (Executive Chairman) said:

"Various elements within the GSA are being amended to meet the debt funders criteria and to meet international standards. As such, Sound Energy, ONHYM, ONEE and Attijariwafa bank are engaged under the auspices of the Ministry of Energy to conclude a revised GSA by year end."

For further information:

 
 Flagstaff Strategic and Investor Communications   Tel: 44 (0)20 129 1474 
  Tim Thompson 
  Mark Edwards                                      sound@flagstaffcomms.com 
  Alison Allfrey 
 
   Sound Energy                                      chairman@soundenergyplc.com 
   Graham Lyon, Executive Chairman 
 
   Cavendish Securities - Nominated Adviser          Tel: 44 (0)20 7397 8900 
   Ben Jeynes 
   Peter Lynch 
 
   SP Angel Corporate Finance LLP - Broker          Tel: 44 (0)7789 865 095 
 Richard Hail 
 
   Gneiss Energy Limited - Financial                Tel: 44 (0)20 3983 9263 
   Adviser 
   Jon Fitzpatrick 
   Paul Weidman 
   Doug Rycroft

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October 25, 2023 02:00 ET (06:00 GMT)

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